Bitcoin ETFs Buck the Trend with Surprise Inflows

• Spot Bitcoin ETFs recorded a second consecutive day of inflows on Wednesday.
• The ETFs witnessed $21.52 million in net inflows on June 26.
• The ETFs saw $1.1 billion in outflows between June 13 and June 24.

Spot Bitcoin Exchange-Traded Funds (ETFs) saw a second day of inflows totaling $21.52 million on Wednesday, bucking the recent trend of constant outflows, offering a potential bright spot for investors amid Bitcoin’s price struggles.

Data from SoSoValue indicates the Bitcoin ETFs extended the streak of positive inflows that began on Tuesday as BTC struggled to maintain its price above $61,000. Notably, ETF outflows totaled $1.1 billion in the seven trading sessions between June 13 and June 24, raising concerns among investors.

Ever since the approval in January, the Bitcoin spot ETFs have accumulated a total $14.4 billion in inflows, led by BlackRock’s iShares Bitcoin Trust (IBIT), which has garnered cumulative inflows of $18 billion since listing and holds $18.58 billion in net assets as of June 26, according to data from SoSoValue. However, on Wednesday, IBIT saw no net flows. Invesco Galaxy, Valkyrie, and Franklin Templeton’s offerings also stayed flat…

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